Cryptocurrencies are challenging the standing of traditional payment systems and even the concept of money as a store of value. While inflation is something that has always plagued economies all over the world, biting into people’s wealth, cryptocurrencies have added unique mechanisms to make them deflationary over time.
Halving and token-burning events are unique ways to turn virtual coins into a viable store of value – here’s how Litecoin (LTC) and revolutionize the financial industry with unique deflationary events.
DigiToads’ Deflationary Nature Makes Waves in the Crypto Industry
DigiToads is a relatively new coin on the market. Still in its presale stages, more than 354 million tokens have already been sold, raising over $5.7 million. This tremendous success led to a price growth of no less than 370% so far.
One of the main catalysts is TOADS’ deflationary nature. The ecosystem uses token-burning events to decrease the supply in the future, which makes TOADS an excellent store of value for long-term investors.
In addition to storing value, TOADS are the means of generating stable passive income. For example, gamers can join the Web 3 game where they play with digital toads and join monthly gaming competitions to generate profits. Also, monthly airdrops will reward all TOADS holders, growing their portfolios passively.
The immersive platform further focuses on wealth generating via a stake-to-earn feature. TOADS holders can buy and stake trending NFTs, and they will be rewarded with TOADS in return. The staking pool is designed to incentivize long-term staking and holding because it keeps growing with each transaction on the platform, and then distributes the rewards equally among stakers.
Dubbed the ultimate meme coin by crypto enthusiasts, gamers, and investors, the DigiToads universe abounds in income-generating opportunities.
Another appealing feature is the trading competitions, which will take place monthly. Experienced traders can join these events to generate active income while aspiring traders can join the Toad School first, which will organize trading courses to help them gain some knowledge and experience. Fortunately, the only requirement to attend the comprehensive trading course is to hold at least three NFTs.
The growth potential is tremendous, which is less than 10% of tokens still available for sale. Interested investors may want to join the presale now, just ahead of the big launch, while tokens are still available.
Litecoin Adds 20% Ahead of Halving
Litecoin has recently achieved a new milestone as its halving event is approaching. The alt coins have achieved a new ATH in payment transactions – this is a bullish sign because it indicates that LTC is increasingly being adopted as a payment option.
Litecoin’s community of investors are eagerly awaiting the halving event. Historically, halving events have been associated with price gains. Overall, these events turn LTC into a deflationary token with huge appeal as a store of value.
Summary
Overall, if you are looking for the best altcoins to invest in, LTC and TOADS should be at the top of your list. Litecoin’s approaching halving event is expected to deliver high price gains to its investors, as it has already topped its price by 20%.
The success of DigiToads’ presale is only a reminder that utility-driven coins are becoming a must-have for any high-growth portfolio. The innovative DeFi model promises high-growth potential as users can tap into many opportunities to earn money both passively and actively.
With a user-friendly interface and a flourishing community, DigiToads is becoming the darling of many experienced and novice investors – especially as analysts expect TOADS to increase by as much as 100x in the next months.
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